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Production Circulation Rose, Boom Index Rose.
2021-09-03

 

Boom Index of Keqiao’s textile in August was 1125.56, up 0.25% from the prior month, up 0.99% compared with the beginning of 2021, and up 1.82% compared with the same period last year.

Firstly, circulation Rose, and Circulation Boom Index Rose.
Market Circulation Boom Index in August was 1164.19,up 0.03% from the prior month. Orders of domestic demand rose, marketing rose and market quotation of circulation of textile products rose.
Transactions of China Textile City rose in August. Spot transactions of summer fabric rose. Spot transactions and shipments of autumn fabric rose. Transactions of fabric with innovative color and pattern rose. Market transactions of innovative products with fashion elements rose. Orders of counterpart merchants rose. Orders of summer fabric and autumn fabric rose.
Spot transactions of traditional trading zone and orders of companization trading zone of China Textile City rose in August. Marketing of summer and autumn innovative fabric rose. Transaction amount price of raw materials of polyester and other chemical fiber rose. Transactions of blended fiber grey cloth rose. Transaction amount price of summer and autumn innovative grey cloth and creative grey cloth rose.Transactions of 100% cotton fabric, polyester nylon fabric, polyester spandex fabric and some kinds of printing fabric, jacquard fabric, cut flower fabric, burnt-out fabric, embroidery fabric, dyed fabric of nylon cotton fabric rose. Transactions of summer and autumn innovative fabric rose. Transaction amount price of bedding, daily home textile and curtains rose.
Marketing of domestic demand in some places rose, marketing of traditional market of China Textile City rose, spot transactions and shipments of summer fabric rose, spot transactions and shipments of autumn fabric rose, marketing rose, and spot transactions and orders of innovative fabric and innovative products with fashion elements rose, so Circulation Boom Index rose.
1. Circulation Benefit Index rose. Market Circulation Benefit Index in August was 1724.81,up 2.30% from the prior month. Markets of domestic demand rose in some places, marketing of China Textile City rose, spot transactions and shipments of summer innovative fabric rose, spot transactions and shipments of autumn innovative fabric rose, transactions of innovative fabric with fashion elements
rose, and marketing of China Textile City partly rose, so Circulation Benefit Index in August rose.
2. Velocity of Money Index in Circulation rose. Market Velocity of Money Index in Circulation in August was 2726.04,up 3.51% from the prior month. Markets of domestic demand rose in some places, innovative fabric purchases of China Textile City rose, demands of dyed fabric and printing fabric rose in some places, transactions of innovative fabric of trading market rose, spot transactions and shipments rose, profit margin of innovative products with fashion elements rose, so Market Velocity of Money Index in Circulation in August rose.
3. Circulation Faith Index fell. Circulation Market Faith Index in August was 975.28, down 0.36% from the prior month. Judgment Index of market demands was 949.73, down 0.41% from the prior month. Judgment Index of profits was 964.62, down 0.63% from the prior month. Judgment Index of prospect was 1002.45, down 0.14% from the prior month.
Secondly, orders of enterprises rose and Production Boom rose.
Enterprises Production Boom Index in August was 1043.08,up 0.93% from the prior month. Orders of enterprises rose. Production of some textile dyeing and printing enterprises rose. Production of some enterprises in Binhai dyeing and printing cluster district rose. So Production Boom Index rose.
Production of weaving enterprises in Keqiao, Shaoxing increased, and orders of summer and autumn fabric of textile printing and dyeing manufacturers increased. Driven by domestic demand markets and overseas orders, Chinese textile industry has gradually improved with steady growth in revenue and positive profit. Leading enterprises perform well under the background of the rise of domestic goods.
Transactions online are numerous, accidental and strategic hot products turn up frequently, demands of showing unique personality by consumers are significant and livestream e-commerce can bring better consumption experience. Chinese textile industry shows a stable and rising trend, quality and efficiency of development are
steadily improved, its role in internal cycle continues to strengthen, its export maintain a good growth trend, and investment confidence of it has been enhanced.
Production and consumption of textile show a slowing trend , which may exist in the second half of the year. Textile industry should strike a balance between safety and development during the epidemic. Textile printing and dyeing enterprises in Keqiao,Shaoxing have consolidated the scale and system advantages of textile industry in China.
Orders of summer and autumn garments rose in August. Orders of summer and autumn garments in domestic market rose.Orders of counterpart merchants rose. Price and orders of innovative fabric rose in some places.
1. Production of innovative products rose, and Scale Index rose. Enterprises Scale Index in August was 1121.46,up 0.66% from the prior month. Orders of weaving enterprises and printing and dyeing enterprises rose. Orders of innovative summer products rose. Production of creative autumn products rose. Downstream demands of innovative products with fashion elements rose. Production scale rose. So Enterprises Scale Index rose.
2. Orders of enterprises rose, and Sales Revenue Index rose. Enterprises Sales Revenue Index in August was 1102.15,up 0.73% from the prior month. Orders of weaving enterprises and printing and dyeing enterprises rose. Spot transactions and orders of innovative dyed, printing, jacquard and embroidery garment fabric rose, spot transactions and orders of new style summer garment fabric rose, production of autumn innovative products rose and orders of innovative products with fashion elements rose. Adding value of products rose.Enterprises Sales Revenue Index Stocks rose.
3. Enterprises Faith Index rose. Faith Index in August was 830.44, up 1.14% from the prior month. Judgment Index of market demands was 855.91, up 2.72 % from the prior month. Judgment Index of profits was 827.88, up 1.02% from the prior month. Judgment Index of prospect was 813.25, up 0.02% from the prior month.
Thirdly, the forecast of Boom Index next month.
It is expected that the textile industry in Keqiao, Shaoxing will rise in September. Most textile enterprises are cautious and optimistic. Some textile enterprises transform and upgrade its development model. Adjustment and conversion of textile products increase in some places. Production and sales are expected to rise compared with last month. It is expected that demands of the secondary market and clothing production enterprises will increase, and demands of the overall market of China textile city will increase slightly.Marketing of autumn innovative products of China Textile City will rise.Orders of autumn products will rise in some polaces.So, Boom Index in September will rise.
Issued by: Ministry of Commerce, PRC
Prepared by: Construction Management Committee of China Textile City
Compilation Office of “Keqiao, China Textile Index"
Chinese site:http://www.kqindex.cn/
English site:http://en.kqindex.cn/
Phone:0575-84125158     Contact person:Wei Yinan
Fax:0575-84785651

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